This is a regular question that we are asked, and this is becase we know a nanny could be a huge relief for your family. It would save you the time and effort of having to do household duties, and give you peace of mind that your children are well taken care of when you’re not with them. But, how much does this cost?
Caregivers, even caregivers that live in the home, are not on-demand childcare superheroes. They’re employees of your family. And just as other employees have defined working schedules, compensation schemes for overtime, and the right to private spaces and personal time to unwind, so do caregivers.
This can vary employee to employee, but let’s take a loot at an example from a caregiver in Ontario:
Working Hours: 44/week
Payment Schedule: Paid every two weeks
Gross pay: $15/hour * 44 hours/week * 2 weeks = $1,320
Taxes Deducted (Federal, provincial, employee contributions to CPP and EI) = $254
Room and Board deducted: $170.50
Net Pay (what the nanny takes home in a 2 week period): $895.50
Source Deductions(taxes deducted, as above): $347.50
Total Cost to Employer: $1,243 ($1,320 – employee deductions + source deductions)
Of course this will vary by province and employee, and if the employee chooses to live with your family, but it would be reasonable to expect the overall yearly cost to you of hiring a nanny to be approximately $32,318 ($1,243 per two week period * 26 two week periods per year).
While $15/hour is a solid estimate, the table below provides an average hourly rate breakdown by major Canadian city:
|City, Province||Average Hourly Rate|
|Vancouver, British Columbia||$15.68|
It’s also worth noting that nannies request the highest average hourly wage, regardless of geography, to take care of preteens/teens, and request the lowest average hourly wage to take care of primary school children.
This article was based in the next one: https://www.canadianimmigration.net/work/caregivers-fwcanada-cares/what-are-the-costs-of-hiring-a-caregiver/